Freeport-McMoran Inc FCX shares are trading higher by $0.24 at $4.18 in Tuesday's session. Before the open, the company announced a Q4 EPS beat of $0.09 with slightly lower revenues.
The report instigated a sharply higher open, that came to an abrupt halt at $4.42. The ensuing decline found support just before the top of Monday's range ($4), stopping at $4.02.
If the rally continues beyond the current high, there may be additional resistance at Friday's high of $4.66.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in